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(These — plus seven more relevant themes — are all mapped out for your HR team on your free year-round benefits communication calendar. ) Are you sensing a common theme?
Credit: Achira22/Shutterstock What are off-the-shelf voluntarybenefits packages? Voluntarybenefits are additional benefits that employers can offer to their employees alongside their salary. One new trend in the off-the-shelf voluntarybenefits space is health. What are the cost implications?
Standard Chartered Bank and supermarket chain Lidl GB have been shortlisted for Best voluntarybenefits at the Employee Benefits Awards 2024. The post Standard Chartered Bank and Lidl GB shortlisted for Best voluntarybenefits appeared first on Employee Benefits.
Financial stress in 2024: Revealing insights about Americans and Money. Here are the top statistics updated for 2024. Household debt coming into 2024 soared to $17.3 Gen Z saw a 62% increase in credit card debt between March 2022 and February 2024. trillion, with a notable 16.6% increase between 2022 and 2023 alone. [
However, many employees feel their current benefits don’t meet their day-to-day needs, according to a 2024 Wellbeing and VoluntaryBenefits Survey from HR consulting Firm Buck.
The top 10 most read articles between 17 – 23 May 2024 on employeebenefits.co.uk The top 10 most read articles between 17 – 23 May 2024 on employeebenefits.co.uk The top 10 most read articles between 17 – 23 May 2024 on employeebenefits.co.uk
The 2024 “State of Employee Benefits Report ” by benefits administration provider Benefitfocus found that 45% of Gen Z workers and 43% of millennial workers surveyed were enrolled in HDHPs. It found that: 64% of health plan enrollees selected a traditional plan in plan year 2024, compared to 69% in 2022.
The top 10 most read articles between 7 – 13 June 2024 on employeebenefits.co.uk pay rise The post The top 10 most read articles between 7 – 13 June 2024 appeared first on Employee Benefits. The top 10 most read articles between 7 – 13 June 2024 on employeebenefits.co.uk
Flimp Decisions helps employees choose best-fit medical and voluntarybenefit plans in just a few minutes, without providing any personally identifiable information. For employers, the analytics tools assist in forecasting and optimizing plans for their employees and their budgets.
It’s 2024, so by now most companies have some type of technology that they use to communicate and enroll their employee benefits, beyond the insurance company brochures. (IF IF your company doesn’t have a system and you’re using scans or faxes or.pdf’s, stop reading and call us IMMEDIATELY!)
Over the next two months, we’re highlighting eight key developments shaping the business environment in 2024, as featured in this Forbes article: The 10 Biggest Business Trends for 2024. FinTech and digital payments The financial technology sector is booming, and in 2024, we can expect continued innovation in digital payments.
During open enrollment, the elections of your employees illustrate their preferences and what they value the most within your benefit offerings. By reviewing employee selections, you can compare the cost effectiveness of certain plan options and re-forecast how they will affect the benefits budget in 2024.
Some 15% of the businesses surveyed were considering adding this type of offering in 2024 or 2025, the professional services company found. Typically, these apps are provided as a voluntary or wellness benefit.
Credit: tomertu/Shutterstock Need to know: Benefits strategies have evolved because of influences including employee expectation, cost and the pandemic. Flexible benefits , voluntarybenefits, and allowances or pots offer the potential for greater personalisation. And it is worth getting it right.
💡 Let's kick off with a reality check: A Mercer report says, despite the implementation of various support systems, only 59% of workers express satisfaction with the alignment of their benefits to their needs. In recent years, the traditional 9-to-5 office model has undergone a significant transformation.
The Rise of Mental Health Benefits While the popularity of mental health benefits was on the rise pre-2020, the pandemic and its aftermath significantly accelerated their adoption. A Fortune article revealed that almost 40% of employers expanded mental health benefits during the pandemic.
However, many employees feel their current benefits don’t meet their day-to-day needs, according to a 2024 Wellbeing and VoluntaryBenefits Survey from HR consulting Firm Buck.
According to the Bureau of Labor Statistics , the professional and business services will continue to grow at above-average rates through 2024, meaning employers will continue to compete for skilled workers.
And competition will only grow; according to the Bureau of Labor Statistics , employment in engineering is expected to grow 4 percent between 2014 and 2024, with higher growth rates in biomedical, environmental and civil engineering.
Lifestyle benefits – Helps employees meet important life goals with voluntarybenefits. 2024, March 28). Company Culture: Definition, benefits and Strategies. Discounts and offers – Looks after the financial wellness of employees via savings from deals, discounts, and cashback.
There is still time to enter the Employee Benefits Awards 2024 following the deadline extension to midnight on Friday 9 February. The awards feature a wide variety of categories designed to enable organisations to showcase their excellence in all areas of reward and benefits. See all the categories and enter now.
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